November 30, 2012 / 1:40 PM / in 5 years

Vivendi completes pay-TV tie-up deal with Polish TVN

WARSAW, Nov 30 (Reuters) - France’s media and telecoms group Vivendi and Polish broadcaster TVN completed a long awaited deal to combine their pay television platforms in Poland, TVN and its controlling owner said on Friday.

The link-up, approved by Polish regulators, is part of a wider partnership deal that could see Vivendi ultimately take control of TVN.

Vivendi will hold 51 percent in the joint venture valued at 5.9 billion zlotys ($1.9 billion). The French group will also take 40 percent in TVN’s controlling company for 230 million euros ($298.5 million). ($1 = 3.1513 Polish zlotys) ($1 = 0.7705 euros) (Reporting by Adrian Krajewski)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below